HitBTC employs the “maker-taker” model with the purpose of maximizing liquidity and narrowing the spread on cryptocurrency markets. With our system, “makers” are encouraged to keep adding liquidity to the market.
The chief aim of maker-taker fees is to stimulate trading activity within an exchange by extending the incentive to post orders and facilitating trading.
On HitBTC, "Takers" are charged fees according to Trading Fee Tier.
In our maker-taker model, the "taker" is a trader who removes the liquidity from the book by placing an order that matches immediately with an existing order on the book. The taker pays the fee from the committed trade.
The "maker" is a trader who provides liquidity to the order book by placing a limit order below the best ask price for the buy and above the best bid price for the sell.
A Rebate is a reward that HitBTC pays to the "maker" for providing liquidity to a market while charging customers who take that liquidity. In other words, if a trade outside of the immediate market price is matched, we may incentivize the traders who placed the order.
Bottom line: we at HitBTC are always trying to enhance your experience with our platform, and we aim to facilitate your trading process by providing greater liquidity.
Periodically, a small Interest Rate is paid to hold a margin position open. The Interest Rate is paid regardless of whether the position is long or short. The rates are listed in the table below.
|Currency Borrowed||Daily Interest Rate|
|BCH (Bitcoin Cash)||0.018%|
|Ethereum Classic (ETC)||0.021%|
|Bitcoin SV (BSV)||0.021%|
The Interest Rate is paid 3 times per day at 00:00 UTC, at 08:00 UTC, and at 16:00 UTC (12:00AM UTC, 8:00 AM UTC, and 4:00 PM UTC). The interest is charged always in the quote currency - for example, on the BTC/USDT pair it is paid in USDT - for both shorts and longs.
If a position is liquidated - either by reaching the liquidation price or by the trader, a Liquidation Fee in the amount of 0.5% of the position’s value is charged in the quote currency (i.e. USDT on the BTC/USDT pair).
For each of the trading pairs, Borrowing Limits apply, regardless of whether a trader wants to go short or long. An individual trader will not be able to go beyond these Borrowing Limits at any time. The table below lists these limits.
|Trading Pair||Borrowing Limit for Short Positions||Borrowing Limit for Long Positions|
|BTC/USDT||10 BTC||90,000 USDT|
|ETH/USDT||130 ETH||30,000 USDT|
|BCH/USDT||120 BCH||30,000 USDT|
|XRP/USDT||150,000 XRP||30,000 USDT|
|EOS/USDT||11,000 EOS||30,000 USDT|
|TRX/USDT||15,000,000 TRX||30,000 USDT|
|ADA/USDT||250,000 ADA||30,000 USDT|
|LTC/USDT||660 LTC||30,000 USDT|
|ETC/USDT||4,500 ETC||30,000 USDT|
|BSV/USDT||80,000 BSV||15,000 USDT|
|DASH/USDT||200 DASH||15,000 USDT|
|ZEC/USDT||260 ZEC||15,000 USDT|
|XLM/USDT||150,000 XRP||15,000 USDT|
|ETH/BTC||130 ETH||3 BTC|
|BCH/BTC||120 BCH||3 BTC|
|XRP/BTC||150,000 XRP||3 BTC|
|EOS/BTC||11,000 EOS||3 BTC|
|TRX/BTC||15,000,000 TRX||3 BTC|
|ADA/BTC||250,000 ADA||3 BTC|
|LTC/BTC||660 LTC||3 BTC|
|ETC/BTC||4,500 ETC||3 BTC|
|BSV/BTC||80,000 BSV||1.5 BTC|
|DASH/BTC||200 DASH||1.5 BTC|
|ZEC/BTC||260 ZEC||1.5 BTC|
|XLM/BTC||150,000 XRP||1.5 BTC|
Please note that HitBTC reserves the right to revise its rates, fees, and limits at its discretion, to reflect the changing market conditions.